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obama appeared at a factory in pennsylvania making his case for raising taxes on top earners and accusing a handful of republicans of holding up a deal. if a deal is not reached by december 31, a $600 billion combination of tax increases and spending cuts goes into effect. let's get a check now on how the markets reacted to all of that news. our correspondence sent us this report from frankfurt. >> the dax climbed for about 2% this week, and share prices have been pushed mainly by the rescue package for greece, but at this last trading day of the week, trading has been quite low. the positive trend continued, although there has been some bad news coming in, like the record high unemployment rate in the euro area and the fact that u.s. consumers spend less money in october. nevertheless, the mood is fine. investors hope the fiscal cliff in the u.s.a. can be avoided. >> let's get a closer look at friday's trading. with all that uncertainty in washington, traders were playing it cautious. in germany, the blue-chip dax broke a bit of a winning streak, only gaining fractionally. e
. they are telling israel to maintain maximum restraint. >>> president barack obama and members of congress met to try to bring an end to a fiscal cliff. obama invited bipartisan congressional leaders on friday. senate majority leader harry reid, a democrat, and republican house speaker john boehner were among those attending. the president called for high income workers in the u.s. to pay more in taxes. >> i think we're all aware that we have some urgent business to do. we've got to make sure that taxes don't go up on middle class families, that our economy remains strong, that we're creating jobs. >> the republican speaker of the house of representatives asked for a balanced approach. republicans have been called for added revenue through curbs on tax deductions and credits. >> i believe that the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> any new legislation must be enacted before the end of december to keep the u.s. from plunging off that fiscal cliff. >>> senior diplomats from japan and north korea wrapped u
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